NC Lawmakers Aim For Budget With $900M More Taxes

House and Senate negotiators are getting closer to North Carolina Gov. Beverly Perdue's request to raise more taxes.

Democratic leaders said Thursday they're assembling a final budget that would increase revenues by $900 million for the year starting July 1 and $1.3 billion the following year.

That's closer to the $1 billion to $1.5 billion extra that Perdue asked them to raise. Budget writers say it will be difficult to craft a package unless there's enough Democrats willing to pass it.

The Senate's tax proposal would expand services subject to the sales tax and reducing deductions while lowering income and sales tax rates. The plan also would raise $274 million by taxing electricity at 6.75 percent, not the current 3 percent.


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